Technology Record - Issue 40: Spring 2026

74 The LSEG-Microsoft partnership began in 2023 with a shared goal: to understand the challenges facing the financial services industry and develop technology to help finance professionals overcome them. Since then, the companies have turned industry insight into practical, scalable solutions. “We knew that financial services was a critical industry to address,” said Matt Kerner, chief technology officer and corporate vice president of worldwide sales and solutions at Microsoft. “It’s a fundamental growth driver for the global economy, but many of the tools in use, and the way data is distributed, haven’t kept pace with broader changes in enterprise workflows and technologies. That’s a big opportunity for us, and we wanted to work with a central player in capital markets with the connections, knowledge and technology to drive transformation across the industry.” Trusted by leading financial institutions, regulators, compliance teams, investment and trading firms, and some of the largest corporates by market capitalisation, LSEG is deeply embedded in mission-critical financial workflows. AI has quickly become a central part of LSEG and Microsoft’s work. “AI is making people more efficient in their roles, helping to unlock more creativity and driving productivity gains that we can measure,” said Kerner. “The independent investments each firm made beforehand and the investment we made together in the first years of the partnership set us up really well.” Over the past three years, LSEG’s data and insights have been made available on Microsoft Fabric, which now serves up to 28,000 paying customers, making LSEG’s offerings more relevant for financial services firms. LSEG was also the first to build a preconfigured Model Context Protocol (MCP) to make LSEGlicensed data available in Microsoft Copilot Studio. This integration allows clients to design and deploy AI agents at scale without complex configuration, accelerating innovation in financial workflows. “LSEG has given us continuous feedback on how we can make Copilot Studio better, so that our clients don’t need to do the integration or give us product feedback – they can focus on designing their own agents using LSEG data and deploying them at scale,” said Kerner. “I’m excited to see what our clients build with the LSEG MCP connector.” The companies also developed LSEG’s Digital Markets Infrastructure (DMI) platform together to improve private market workflows. The platform is designed to meet stringent regulatory requirements while enabling liquidity and connectivity for both traditional and digital assets. Furthermore, LSEG and Microsoft built Open Directory, a secure network that enables financial institutions to share data and collaborate directly within Microsoft Teams. With over 320 million The collaboration is not just about technology – it’s about transforming workflows, improving compliance and driving innovation across global capital markets REPORT LSEG-Microsoft partnership unlocks new capabilities for finance

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